The Edupreneur Magazine (2025)

12/06/2024

Top 10 most profitable small scale business ideas worth starting in Uganda today.

1. Establish an agricultural store.. Buy wholesale agrarian produce, then stores them and sells them when prices are fine to the retailers in small quantities.. Buy agricultural produce from the farmers up country and transports them to city and busy trading centres, then stores them for some time while waiting for the prices to rise. Then sells them in small quantities to urban dwellers.
You can start this business with a capital of fewer than 5 million shillings.

2. Value addition on Agricultural produce.
One can start changing a raw agricultural product into something new through packaging, processing, cooling, drying, extracting or any other type of process that differentiates the product from the original raw commodity to fetch a better income..You can start consider proper harvesting, purification and packaging of honey; making banana chips and flour, milling and packaging millet flour, etc..

3. Unisex Salon Business.
The salon business is one of the most profitable business ideas you can do in Uganda today. You won't regret it when you Invest in a Unisex salon.. Depending on your preferred standard, you will need 5 to 10 million shillings to set up a good unisex saloon and grow it over time.. You need a well designed and attractive premise with proper lights, furniture, mirrors etc. Other working equipment will consist of hair dryers, hot combers, shaving machines, nail cutters etc.. The next step here will be to find a good location for your business. The location should be in a busy place having a good population and start working.

4. Outside catering services.
Offering food services to weddings, graduation parties, baby showers, birthday celebrations, etc has become the most in-demand service right now.. To start this business, you may not need more than 5 million shillings. All you need is to have your working equipment that include saucepans, food warmers, plates and glasses etc. In a good week, one can make up to 500000 shillings profit after paying off all workers and bills.

5. Events Management.
Events management means organizing ceremonies, parties, conferences, and music concerts on behalf of another person or company.. These parties may include graduation parties, birthday parties, and Funeral services. In other words, events management may also include offering outside tents services, sitting chairs for hire, a public address system etc.. The cost of starting this business is within your reach. You can still create this business even with a capital of 3 million shillings.

6. Boda Boda Business.
Besides the current challenges in the industry, bodaboda business remains a good business idea currently making people millions especially those with proper licensing.. You can start the Boda boda business with one motorcycle, or if you have the financial strength, you can own up to 3 motorcycles, with each bike costing you not more than 3 million shillings..Then find people who are trustworthy enough to operate them on your behalf. In exchange, each Boda boda motorcycle pays you about 15,000 shillings daily.. When collected daily, this money makes you up to 45,000 shillings of clean money from 3 boda boda motorcycles daily which translates into about 16.4M a year!

7. Open up a Computer and Smart Phone repair centre.. Computers and smartphones are in high demand in Uganda right now. This makes this business one of the most profitable business ideas to start right now in Uganda..To offer this services, you will need the necessary skills to repair computers and smartphones. Besides that, you will also need to procure computer and smartphone spare parts..The cost of procuring this equipment may be at most 10 million, and you can make up to 250,000 shillings on a good day.

8. Electronic money transfer services.. Today mobile money transfer and bank agency are the most popular means of transferring money from one person to another. To start this business, you need to own mobile money transfer simcards or banking system and initial capital of 5M to start offering mobile money and banking services. You can add other ideas like electronics, phone and accessories, accounts opening, mobile money agent servicing, SIM registration etc to increase earnings.

9. Small Scale Chicken Farming
Farming is the most largest industry in Uganda. It has no strong restrictions and other types of farming business has been rated among best businesses. But it might be time consuming but Chicken farming does not. You just need a property to raise the chicks, some money for medicine, including chicken feed in months your chickens will be ready for sale.

10.DSTV Sale Agent
Multi-choice is no doubt Africa’s leading entertainment company providing paid for TV through there products. Did you know you could actually be one of the agents? Other products you can join include ZUKU TV, Go TV, etc. But I strongly advise working with Multi-choice..You get paid depending on the number of customers you draw, subscriptions activated, decoders sold it also brings about advantage for satellite dish installers.

There are many more business ideas you can start and earn big like Gonja roasting, coffee shop, spa etc. However, these 8 have the most potential to transform your financial future and your life forever.

Credit: Martin Rushy
Photo: Internet photo.

Building Africa As One Nation Through Entrepreneurship.

25/12/2023

Merry Christmas to you and your family. Enjoy Responsibly.

16/10/2023

HOW TO HARVEST MONEY FROM LOCAL CHICKEN In Africa.

Start with 20 chicken in January. End year with over 300 Local chicken.

For those seeking info on local hens, here is my personal analysis, from personal experience.

If you started with 20 hens. At the end of the year you can easily have 300+ chickens. If you put your effort to it! This is how:

Buy 20 hens that are ready to lay and 3 mature c***s. Always keep the ratio of males to females at 1 c**k to 7-10 females for fertilization purposes. That way you're sure your eggs are fertilized.

Month 1, they lay.

Month two they hatch.

Month 3 they rear their chicks. Once the chicks are one month old, they don't need their mothers for warmth. So withdraw the mother when the chicks are one month old (at the end of calendar month 3) and rear the chicks yourself till they are 2.5 months old before you let them on their own (free range)!

This is meant to force the hen to start laying again. We doing business not letting nature take it course! Come on.

Month 4, the hens take what we call a "Laying break" to adopt to not having their chicks!

Month 5, the hens start to lay again.

Month 6, they hatch again.

Month 7, they rear the chicks (process repeats itself)! Withdraw the mother at the end of month 7.

Month 8, they are on the laying break.

Month 9 they lay again.

Month 10 they hatch.

Month 11, they rear. Withdraw mother at end of month 11.

Month 12, they take the break, waiting for month 1 of the next year to start over again.

A few things to note:

1. You can only practically do this up to 5 times for one hen before it's "tired"!

2. For every cycle, if you stay strict to the process, you get a week accrued for every hatching cycle because hens hatch after 21 days and in the post, I assumed a month for that. So you might squeeze a one month for the hens.

3. Put 8 eggs for every hen to hatch. In most cases, they'll hatch the entire 8 eggs, and for the poor hatchers, they'll hatch 7. Don't be too greedy. 8 has a good chance of hatching them all, as opposed to doing 10+ and end up "spoiling" eggs!

4. If you take care of the chicks in a closed environment away from stray cats and other predators, you should have 5 mature hens for every hatch-cycle, per hen.

5. If you manage to get 5 hens for the 8 eggs hatched and you had 20 hens, you'll have 100 new hens for the first cycle. There are three cycles for every hen per year. That's a good 300 news hens. Plus your local 20 hens, you have 320. Let's just say 300 for the sake of it.

6. By the way, by the time the hen is watching for the third time in the year, the first batch of chicks will already be hatching too. NIIICE!

7. But remember you have an assume 50/50 for c***s and " layers"! So you have 150 c***s, and 150 layers!

8. If you sell 100 mature market in the Nairobi market, it's waaaay better than trying to win the "Lotto sio Ndoto" con-game.
In all this, you gotta put your mind, effort, money and most importantly, time to it. Don't look at the work right now, look at the end product.

And another btw, one local hen lays 15-18 eggs before wanting to hatch, if well taken care of that is. Let's say 15 eggs, give it 8 eggs to hatch and sell the other 7 eggs x 20 hens x 300/= per egg, that's some 42,000/= ugx to buy yaka tokens.

Always make sure you give the chickens the "newest" eggs for hatching. Eggs 15 days old have a 20% chance to hatch, 12 day old eggs have a 30% hatch rate. Eggs 10 days old have a 50% hatch chance. If it is 7 days, it shoots to 80%. Less than 7 days have a 90+% chance to hatch unless conditions like temperature and humidity fluctuate.

After hens hatch 5 times, sell them and rear the newer ones, they are rendered salvage, they don't lay that much. For those with bigger spaces, do paddocks for easier identification of ages for sale. Always maintain your "floor stock" at 300 hens and 50 c***s for easier management and space.

With this, you'll find out that you're collecting 200 eggs every day X 30 days = 6000 eggs less 2500 for hatching, you sell 3500 eggs every 4 months. That's 1,050,000/= ugx in 4 months.

Sell 500 hens 250 c***s and 250 layers, at an average worst price of local 20,000/= ugx , and that is 10,000,000 per year. /= ugx Plus returns from eggs 55 X 3 cycles totals 14,525,000/= ugx a year. Locals only take about 20-25% of budget. Say 25%. Pocket the rest 10,885,000/= ugx Average 875,000/= a month and you don't wake up at 5 to go to work to come back home at 10 PM.

More time for family. A balanced diet for your family. Well, this is theory. The practicals have much more fun and some hardships. But it's fun doing locals.

And the money is tax free. Unless you feel charitable enough to give to the government. Lol. Make it a side hustle and it'll turn full time.

MOST IMPORTANTLY: FEED them, WATER them, VACCINATE them, and give them MEDICATION at first sight of symptoms of illness. I can't stress that enough.

Have fun farming people!!!

Shared by Jacob via WhatsApp.

Don't forget to share with someone also. We did our part. Do yours and we help kick poverty out of Africa. Its possible. Its starts with you.

You can also like our pages Young Entrepreneurs Uganda. Follow us on twitter to keep up todate with business, entrepreneurship and success insights.

Building Africa As One Nation Through Entrepreneurship.

19/08/2023

Stanbic Bank - Uganda has declared a UGX 200 billion net profit for the six months ended June 2023.

The Bank's total assets hit UGX 9.4 trillion while customer deposits grew to UGX 6.2 trillion.

The results according to the Stanbic Chief Executive Officer Anne Juuko demonstrate the bank’s unwavering commitment to secure banking that is rooted in ethics and integrity.

The Edupreneur Magazine

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